Document Management System is very helpful as well as necessary in pharmaceutical industry. Pharmaceutical companies are highly information sensitive with respect to how documents and records are managed, making efficient document reviews critical not only from regulatory standpoint but necessary for organizational efficiency as well.
Pharmaceutical industries are in a highly regulated environment and require document management processes. Apart from strict regulatory environment, the Pharmaceutical companies have to deal with increasing amount of information which must be processed at the right time.
We will discuss how digital document management system can help pharmaceutical companies in this regard, after explaining the concept of document management system.
What is document management system?
Digital document management is a computer-based system that scans and digitally stores, tracks, and indexes your electronic and paper documents. Digital document management keeps important documents and digital files at your fingertips.
Digital Document Management System includes activities like capturing and organizing. Regarding classification, Document Management System efficiently classifies all documents (digital or otherwise) in the form of faxes, computer files, collaborative work spaces, e-mails, photos, video and audio.
Digital Document Management Systems come in two categories namely client-server systems and vendor run applications.
How document management system helps pharmaceutical industry
In pharmaceuticals industry, documentation is an integral part of good manufacturing practices. It defines a system of information and control so that risks inherent in misinterpretation and/or error in oral communication are minimized. Any error can result in the production of wrong medicine or defective medicine. Documentation strengthens the quality, and its consistency, of all goods and services, as those responsible for the specific operations have clear, unambiguous instructions to follow including active drug substances, is legally mandatory.
Documentation ensures product quality and product safety. If an instruction or record is poorly documented, then the manufacture or Quality assurance/control of product can be negatively impacted, potentially reducing patient safety. Proper documentation provides information on when, where, who, why and how to complete tasks. It also provides evidence proving that the tasks have been completed as they should be.
Document Management System can encompass all electronic information such as emails, adverse event reports, complaints, batch records, quality control records etc. Having timely data and adequate security is important for any company and document management system helps pharmaceutical companies achieve that.
Document Management System ensures installation, calibration, validation, maintenance, cleaning for equipments used for manufacturing pharmaceutical medicines, along with managing proper storage of raw materials as well as finished goods. Using this system, procedure that is required for the approval of manufacturing of medicines or purchase of raw materials can also be speeded up.
With all documents in digital format, one can just open a document on computers and check the status of tasks, location of store-house for raw materials, quantity of finished products and more.
To increase efficiency of pharmaceutical companies, Digital Document Management System can be integrated with quality management systems, manufacturing systems, electronic batch manufacturing records and various other electronic documents that are generated in the manufacturing process.
Applications developed by Leo TechnoSoft that facilitate Digital Document Management promise enhanced storage performance, optimized multi-level caching capability, simplified document management, fast and easy data sharing, secured sharing of files, multiple device support and lastly, support for all types of files.
Leo TechnoSoft has offered Digital Document Management services to healthcare industry, pharmaceuticals industry and education industry.]]>
Carrying cash for shopping is passé. Some people do not carry cash due to the fear of losing it or getting robbed.Hence, they appreciate the silicone money in the form of mobile wallet where money is in a digital account can be used to make an online purchase.Mobile wallet is also helpful in redeeming coupons or gift vouchers which retailers give out in order to encourage customers to buy more.
However, the system of coupons and gift vouchers cannot benefit retailers and shoppers if coupons are redeemed unfairly via fraudulent activities. In order to prevent this unpleasant situation, there is a need to centralize voucher with the mobile wallet of the customer who has received the voucher as a gift and this should be on a real time location.
Centralizing the voucher with the mobile wallet of a customer has benefits for both retailers as well as customer.
Like vouchers, Retail Coupon Management System also has the purpose to prevent the unscrupulous use of coupons. Leo TechnoSoft has developed system that can automate POS processes and stores operations. This system provides centralized control for multi-store retailers.
The coupon data pool guarantees to track & report coupon campaigns, saving manufacturers’ & retailers’ time, money and effort by eliminating complicated manual processes, inaccurate data, fraud and ongoing difficulties with clearing.
This advanced management system for retail operations developed by Leo TechnoSoft enables:
FinPay makes it easy see the status of payments as it can present the segregated data of payments that are pending or received. It ensures quick collection of payment. FinPay works on the innovative business model called BOMT that is an innovation of Leo Technosoft. FinPay builds database of customers and their details, operates the reminders to be sent, markets the services of client by providing custom made solutions and services to them that are good for their business and lastly transforms the functioning of client businesses by smoothening the payment system.
Keeping the record of various customers and payments pending from them was tedious and time-consuming task for the busy schedule of Financial Payment. Customers are also often too busy to go to payment centre and make payments. FinPay application not only facilitates customers to make payments easily but also helps the service providers (those using FinPin) to compile the list of payments, segregate them on the basis of “pending”, “received” etc.
FinPay also makes it easy for the user to customize reminder mails regarding payments. The frequency of these mails can be decided and set on the basis of days, weeks, months or year. Mail has button for payment, clicking on which customers can sign up (or sign in) and make payment via credit card or e-cheques.
With FinPay, businesses can receive access to services which provide them with the reports and information helpful to them regarding better financial decisions while providing them with services to help them jump start new ventures.
About Financial Payment:
FinPay provides Software as a Service (SaaS) online payment platform that allows small businesses to help them get paid faster, as well as manage their customers and receivables more efficiently.
For further information on Financial Payment please visit: http://financialpayment.com/
About Leo TechnoSoft:
Set up in 2006, Leo TechnoSoft is an incubator for IT start-ups/Entrepreneurs to help cultivate their ideas into successful innovations using its unique trademarked model – BOMT (BUILD-OPERATE-MARKET-TRANSFER). The forte of Leo Technosoft also lies in efficient product development and services in cloud computing environment. Along with from these services, Leo Technosoft offers consultancy services to companies that want to build cloud computing facilities within their organizations.
For further information on Leo TechnoSoft, please visit: http://www.leotechnosoft.net/]]>
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Based on your answer selections, our expert team will guide you whether your application is suitable in terms of maturity and feasibility for a move to SaaS platform; click here for a SaaS Assessment.
To further know our SaaS consulting and development capabilities please check SaaS Tenant™]]>
The earlier model of BOT had its own set of pitfalls, some of them being:
• There is a profit element in the equity portion of the financing, which is higher than the debt cost. This is the price paid for passing of the risk to the private sector.
• It may take a long time and considerable up front expenses to prepare and close a BOT financing deal as it involves multiple entities and requires a relatively complicated legal and institutional framework. There the BOT may not be suitable for small projects.
• Tie-in effects arises, since the enterprise customer commits to work with a particular service provider (as in any class outsourcing model) and cannot escape for low switching costs until the service provider’s investment is amortized or recaptured.
• The standard of quality is not up to the mark as the sole purpose for the vendors is profit. In this process most start-ups get killed as the success ratio remains limited.
Leo TechnoSoft’s BOMT Model overcomes all these drawbacks and presents an improved version suitable for ISVs. This model is further elucidated below.
Phase I – Build
Appropriate infrastructure, facilities and team form the foundation of any project. We provide our client with a complete solution to establishing their own brand identity at a lower price than comparable traditional offshoring arrangements. All the details like the infrastructure, space to be allocated, hardware and software needs together with a team with the required set of skills are extensively worked on.
Phase II – Operate
Once the core entity has been established, Leo TechnoSoft provides a comprehensive set of operational management services ranging from development, QA and technical support to HR and staffing, accounting, payroll, legal, facilities and security. We run your operations with complete responsibility as per the decided objectives to ensure effective results. We represent the client in all forms of promotional activities and provide customer services to expand the market, acquire new customers, and gain more market share and revenue.
Phase III – Market
The third phase of Market is the crux exclusively offered by Leo TechnoSoft. We help to expand and then transfer organization in a healthy manner. Our USP lies in the fact that we set up model in a cost-to-cost manner. Our profit goes into expansion to be on board to investment in the company. Our involvement to make things happen just adds to the success factor.
Phase IV – Transform
After the new process to take forward your business has been established, the process ownership is subsequently transferred to you and it helps your business to raise next level of funding. Finally, what you get in return is an already operational facility that is backed by a team of experts.
“Transform” part of BOMT model also includes with necessary patents in relation to your business that you need to register. We help you achieve those registrations.
Leo TechnoSoft’s BOMT Model is bestowed with the following advantages:
• Aids to expand technology, innovation & idea.
• A lower cost is involved as we work cost-to-cost.
• Lower risk factor is drawn in as we ourselves share the risk.
• Faster Time to Market.
• Establish a permanent presence in the vital US market and position the company for future growth.